Home » Archive for August, 2004

Archive for August, 2004

Establishing a Customs Bonded Warehouse (CBW)

Establishing a Customs Bonded Warehouse (CBW)

Aug. 30 | UNDER Section 1901 of the Tariff and Customs Code of the Philippines (TCCP) and Customs Administrative Order No. 2 – 1991 (CAO 2-91), the Bureau of Customs shall be responsible for the licensing, supervision and control of all Customs Bonded Warehouses...

Understanding the 13 Incoterms

Understanding the 13 Incoterms

Aug. 16 | Two weeks ago, we wrote on the implication of Incoterms in the customs valuation of imported goods. As a sequel, the following article enumerates the various international commercial terms commonly know as Incoterms and provides some pointers for understanding...

Neptune Orient Lines celebrates its first 35 years

Neptune Orient Lines celebrates its first 35 years

Aug. 2 | SINGAPORE Prime Minister Goh Chok Tong recently celebrated the first 35 years of his former company, Neptune Orient Lines – launching a book telling the stories of NOL’s growth from humble beginnings to a US$5 billion global transportation...

PSAA Marks 30th Anniversary

PSAA Marks 30th Anniversary

Aug. 2 | THE Philippine Ship Agents Association (PSAA) last week marked its 30th anniversary with a cocktail party held at the Manila Polo Club. Present during the event were Customs Commissioner Antonio Bernardo, Coast Guard vice admiral Arthur Gosingan and other...

‘K’ Line’s Local Arm Sees 15% More Revenues

‘K’ Line’s Local Arm Sees 15% More Revenues

Aug. 2 | NEWLY LAUNCHED “K” Line Philippines expects a 15% increase in revenue for 2004 on the back of the country’s strong export performance and continuing freight rate recovery, said “K” Line Philippines president Octavio S. Katigbak....

Sea, Air Port Fees to Be Rationalized

Sea, Air Port Fees to Be Rationalized

Aug. 2 | THE Department of Transportation and Communications (DOTC) will undertake tariff reforms, including the rationalization of airport and seaport fees and other charges, to help the national government balance the budget. This is one of the strategies recently...

AISL chief: Freight Rate Recovery to Continue

AISL chief: Freight Rate Recovery to Continue

Aug. 2 | THE freight rate recovery on all trades is showing no signs of abating, according to Association of International Shipping Lines (AISL) president Octavio Katigbak. He said the beginning of 2004 has been favorable for the liner business with soaring export...

ATI looking at Extra Fees Because of ISPS

ATI looking at Extra Fees Because of ISPS

Aug. 2 | Asian Terminals Inc. (ATI) is planning to discuss with the Philippine Ports Authority (PPA) the possible imposition of extra charges once the total cost incurred due to the implementation of the International Ship and Port Facility Security (ISPS) Code...

New Overseas Shipping Law Gets Industry Approval

New Overseas Shipping Law Gets Industry Approval

Aug. 2 | OVERSEAS shipping operators expressed approval over Republic Act 9301 or the new Philippine Overseas Shipping Development Act signed last week by President Gloria Macapagal-Arroyo. An official from the Filipino Shipowners Association (FSA) who requested...

Incoterms and its Implication on Customs Valuation

Incoterms and its Implication on Customs Valuation

Aug. 2 | Scenario. AutoHaus Germany (AG) is a global manufacturer of luxury vehicles. It recently shipped 50 completely built units (CBUs) of OPRA 242 to Autohaus Pinas (AP), a sales and distribution subsidiary. AG has an agreement with Pan Global, a third party...
Close
Please support the site
By clicking any of these buttons you help our site to get better
Social PopUP by SumoMe
Copy Protected by Chetan's WP-Copyprotect.